MergerLinks Daily Review
MergerLinks
Join a community of 250,000+ M&A professionals. Expand your network and discover new business opportunities.
Welcome to MergerLinks Daily Review. Sign up here to get the full round up of your daily dose of blue-chip M&A news directly to your inbox.
KKR and?Taeyoung to sell?Ecorbit in a $2bn deal.
Cabot Properties closes its largest fund ever at $1.57bn. (Financial Sponsors)
You can access today’s complete newsletter here.
Scroll down for more…
Health Care Service Corporation , a member-owned health insurance company, agreed to acquire the medicare businesses and CareAllies from The Cigna Group , a for-profit American multinational managed healthcare and insurance company, for $3.3bn.
"At HCSC, we have a long history of making it possible for people to achieve their best health, and we continue to drive innovations and improvements in health care. The acquisition will bring many opportunities to HCSC and its members – including a wider range of product offerings, robust clinical programs and a larger geographic reach. It builds on our commitment to expand access to quality, affordable care for people in all phases of their lives. We look forward to welcoming new members who will benefit from our proven community-first member and provider engagement model that values local relationships. We lead and operate with a deep sense of care and commitment that informs how we serve our members, engage in our communities and deliver differentiated value," Maurice Smith, HCSC CEO, President and Vice Chair.
HCSC is advised by Barclays , J.P. 摩根 , Cravath, Swaine & Moore LLP , Foley & Lardner LLP , 美迈斯 and Reed Smith LLP . Cigna is advised by Centerview Partners , 摩根士丹利 , Mintz , Rule Garza Howley LLP , Sidley Austin and Wachtell, Lipton, Rosen & Katz (led by David Shapiro and Jenna E. Levine).
Byron Allen, an American businessman, film and television producer, agreed to acquire Paramount , an American multinational mass media and entertainment conglomerate, for $30bn.
"This $30bn offer, which includes debt and equity, is the best solution for all of the Paramount Global shareholders, and the bid should be taken seriously and pursued," Byron Allen.
领英推荐
嘉德诺 , a multinational healthcare services company, agreed to acquire Specialty Networks , a technology-enabled multi-specialty group purchasing and practice enhancement organization, for $1.2bn.
"Expanding in specialty is a top priority for us and we have been investing to expand our offering. The acquisition of Specialty Networks enhances our specialty strategy by providing new capabilities that strengthen the link between our downstream and upstream services, enabling us to create value for customers, manufacturer partners and patients," Jason Hollar, Cardinal Health CEO.
KKR and?Taeyoung to sell?Ecorbit in a $2bn deal.
Global buyout firm KKR and South Korea’s Taeyoung Group are planning to sell their joint venture ECORBIT ???? in a deal that could value the environment company at more than $2bn, DealStreetAsia reported.
The firms have mandated 花旗 and 瑞银集团 to manage the sale process, which is expected to begin in the next couple of months.
Cabot Properties closes its largest fund ever at $1.57bn. (FS)
Cabot Properties , a leading investor, developer and operator of logistics properties throughout the United States, Europe and Asia Pacific, today announced the final closing of Value Fund VII on $1.57bn of equity commitments, above its initial target of $1.5bn.
Fund VII represents Cabot’s largest fund to date, demonstrating the growth of Cabot’s industrial platform and the demand among institutions for access to the sector, which is supported by historically strong fundamentals. Investors in the fund comprise a diverse mix of global institutions including endowments, foundations, public and corporate pensions, asset managers, and family offices, among others.
Interested to find more? Sign up here to get full round up of your daily dose of blue-chip M&A news directly to your inbox.
You can access today’s complete newsletter here.